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Print - 2016-08-03
Five dacoits killed in 'encounter'

Five dacoits killed in 'encounter'

Five dacoits were killed and two others managed to escape in an encounter with the police. According to DPO Sahiwal, dacoits were fleeing after committing robbery in a house in the jurisdiction of Ghala Mandi Police Station when they came face to face wit
Published 03 Aug, 2016 12:00am
Education is fundamental right of every child: PEF chief

Education is fundamental right of every child: PEF chief

Punjab Education Foundation (PEF) has laid the foundation of a just society by ensuring that every deserving child has equitable access to free schooling facilities. Education is the key to success in the 21st century and quality schooling will catalyse t
Published 03 Aug, 2016 12:00am
KCCI elections: All BMG candidates elected unopposed

KCCI elections: All BMG candidates elected unopposed

All the 15 candidates of Businessmen Group (BMG) led by Siraj Kassim Teli have been elected unopposed as members of managing committee of Karachi Chamber of Commerce and Industry (KCCI) for two years.
Published 03 Aug, 2016 12:00am
Offloading of Sheikh Rashid: NA body expresses displeasure

Offloading of Sheikh Rashid: NA body expresses displeasure

A meeting of the National Assembly's Standing Committee on Rules of Procedure and Privileges was held here at the Parliament House Tuesday under the chairmanship of Muhammad Junaid Anwar Chaudhary. The committee expressed its displeasure over off-loading
Published 03 Aug, 2016 12:00am
CM's actions spread alarm among hospitals' managements

CM's actions spread alarm among hospitals' managements

The action of Punjab Chief Minister Shahbaz Sharif transferring Principal of the Post-graduate Medical Institute (PGMI) and suspension of Medical Superintend Lahore General Hospital (LGH), duty Assistant Medical Superintendent, has spread alarm among mana
Published 03 Aug, 2016 12:00am
Envoys' moot discusses foreign policy challenges

Envoys' moot discusses foreign policy challenges

Pakistan envoys in important world capitals continued deliberations on Foreign Policy matters and Pakistan's approach to the crucial global issues as well as improving ties with world powers for the second consecutive day on Tuesday.
Published 03 Aug, 2016 12:00am
Bilawal summons PPP's AJK chapter leadership

Bilawal summons PPP's AJK chapter leadership

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Tuesday summoned party's Kashmir leadership in Karachi to discuss defeat in AJK elections. Sources said that the leaders would present report over the reasons behind PPP's defeat in Azad Kash
Published 03 Aug, 2016 12:00am
Row over teenager killed by Indian border troops

Row over teenager killed by Indian border troops

A row between Indian and Pakistani officials over the death of a teenage Pakistani boy on the countries' shared border rumbled on Tuesday, as both sides gave contrasting accounts of how he died. India returned the 17-year-old's body on Monday to the Pakis
Published 03 Aug, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Aug, 2016 12:00am
Row over teenager killed by Indian border troops

Row over teenager killed by Indian border troops

A row between Indian and Pakistani officials over the death of a teenage Pakistani boy on the countries' shared border rumbled on Tuesday, as both sides gave contrasting accounts of how he died. India returned the 17-year-old's body on Monday to the Pakis
Published 03 Aug, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Aug, 2016 12:00am
Bangladesh offers reward for top missing Islamists

Bangladesh offers reward for top missing Islamists

Bangladesh police offered a reward on Tuesday for two top Islamists accused of spearheading the rise of extremism in the country, which is reeling from a mass killing at a Dhaka cafe. Police announced a two million taka ($25,000) reward for information le
Published 03 Aug, 2016 12:00am
The Weather

The Weather

The weather report on Tuesday (August 02, 2016) and the forecast for Wednesday (August 03, 2016).

Published 03 Aug, 2016 12:00am
Bangladesh offers reward for top missing Islamists

Bangladesh offers reward for top missing Islamists

Bangladesh police offered a reward on Tuesday for two top Islamists accused of spearheading the rise of extremism in the country, which is reeling from a mass killing at a Dhaka cafe. Police announced a two million taka ($25,000) reward for information le
Published 03 Aug, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 02, 2016).

Published 03 Aug, 2016 12:00am
Leaked video: Sindh government asked to register complaint with Pemra

Leaked video: Sindh government asked to register complaint with Pemra

A parliamentary panel on Tuesday directed the Pakistan Electronic Media Regulatory Authority (Pemra) to equally treat all the private TV channels with a view to ensuring media freedom. This was directed by Imran Zafar Laghari while chairing a meeting of t
Published 03 Aug, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 02, 2016).

Published 03 Aug, 2016 12:00am
Leaked video: Sindh government asked to register complaint with Pemra

Leaked video: Sindh government asked to register complaint with Pemra

A parliamentary panel on Tuesday directed the Pakistan Electronic Media Regulatory Authority (Pemra) to equally treat all the private TV channels with a view to ensuring media freedom. This was directed by Imran Zafar Laghari while chairing a meeting of t
Published 03 Aug, 2016 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 03 Aug, 2016 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 03 Aug, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (August 02, 2016).

Published 03 Aug, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (August 02, 2016)

Published 03 Aug, 2016 12:00am
Obama says Trump 'unfit' to be president

Obama says Trump 'unfit' to be president

In a blunt and virtually unprecedented presidential rebuke, Barack Obama on Tuesday described Donald Trump as "unfit" to be president and called on Republicans to disown him. Standing alongside the prime minister of Singapore, Obama cast aside any pretens
Published 03 Aug, 2016 12:00am
Obama says Trump 'unfit' to be president

Obama says Trump 'unfit' to be president

In a blunt and virtually unprecedented presidential rebuke, Barack Obama on Tuesday described Donald Trump as "unfit" to be president and called on Republicans to disown him. Standing alongside the prime minister of Singapore, Obama cast aside any pretens
Published 03 Aug, 2016 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (August 02, 2016).

Published 03 Aug, 2016 12:00am
Inam Akbar allowed to proceed abroad

Inam Akbar allowed to proceed abroad

Expressing its dismay over National Accountability Bureau's (NAB) lacklustre performance in relation to an investigation into Rs 6 billion advertising corruption scam in Sindh on Tuesday, the Supreme Court allowed Inam Akbar, the owner of an advertising c
Published 03 Aug, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 02, 2016).

Published 03 Aug, 2016 12:00am
Inam Akbar allowed to proceed abroad

Inam Akbar allowed to proceed abroad

Expressing its dismay over National Accountability Bureau's (NAB) lacklustre performance in relation to an investigation into Rs 6 billion advertising corruption scam in Sindh on Tuesday, the Supreme Court allowed Inam Akbar, the owner of an advertising c
Published 03 Aug, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 02, 2016).

Published 03 Aug, 2016 12:00am
PM vows to end loadshedding by end of PML-N tenure

PM vows to end loadshedding by end of PML-N tenure

Prime Minister Nawaz Sharif chaired meeting on energy projects in the country at PM House, here on Tuesday. The meeting reviewed the progress on the ongoing and future energy projects in terms of the benchmarks. Prime Minister Nawaz Sharif expressed satis
Published 03 Aug, 2016 12:00am
PM vows to end loadshedding by end of PML-N tenure

PM vows to end loadshedding by end of PML-N tenure

Prime Minister Nawaz Sharif chaired meeting on energy projects in the country at PM House, here on Tuesday. The meeting reviewed the progress on the ongoing and future energy projects in terms of the benchmarks. Prime Minister Nawaz Sharif expressed satis
Published 03 Aug, 2016 12:00am
LESCO chief removed

LESCO chief removed

The Ministry of Water and Power has removed the Lahore Electric Supply Company chief Qaiser Zaman Tuesday for his inefficiency and alleged financial embezzlements. Meanwhile, the General Manager Technical Muhammad Anwar has been given additional charge of
Published 03 Aug, 2016 12:00am
THE RUPEE: dollar at Rs 106
Currency

THE RUPEE: dollar at Rs 106

Strong demand pushed the dollar prices up at Rs 106 against the rupee on the money market on Tuesday, dealers said.
Published 03 Aug, 2016 12:00am
LESCO chief removed

LESCO chief removed

The Ministry of Water and Power has removed the Lahore Electric Supply Company chief Qaiser Zaman Tuesday for his inefficiency and alleged financial embezzlements. Meanwhile, the General Manager Technical Muhammad Anwar has been given additional charge of
Published 03 Aug, 2016 12:00am
THE RUPEE: dollar at Rs 106
Currency

THE RUPEE: dollar at Rs 106

Strong demand pushed the dollar prices up at Rs 106 against the rupee on the money market on Tuesday, dealers said.
Published 03 Aug, 2016 12:00am
Sri Lanka withdraws freehold land offer to China

Sri Lanka withdraws freehold land offer to China

Sri Lanka said Tuesday it was withdrawing permission for a Chinese company to buy the freehold to 20 hectares of land being reclaimed under a $1.4 billion port project after India objected. Instead it will grant the state-owned construction company a 99-y
Published 03 Aug, 2016 12:00am
Sri Lanka withdraws freehold land offer to China

Sri Lanka withdraws freehold land offer to China

Sri Lanka said Tuesday it was withdrawing permission for a Chinese company to buy the freehold to 20 hectares of land being reclaimed under a $1.4 billion port project after India objected. Instead it will grant the state-owned construction company a 99-y
Published 03 Aug, 2016 12:00am
Sri Lanka withdraws freehold land offer to China

Sri Lanka withdraws freehold land offer to China

Sri Lanka said Tuesday it was withdrawing permission for a Chinese company to buy the freehold to 20 hectares of land being reclaimed under a $1.4 billion port project after India objected. Instead it will grant the state-owned construction company a 99-y
Published 03 Aug, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (August 02, 2016).

Published 03 Aug, 2016 12:00am
IMAX to open 160 cinemas with China''s Wanda

IMAX to open 160 cinemas with China''s Wanda

North American entertainment giant IMAX Corp. said Tuesday it plans to open 150 new cinemas in China after reaching agreement with Chinese conglomerate Wanda Group, in its largest ever new theatre deal. The agreement brings Wanda''s commitment for IMAX ci
Published 03 Aug, 2016 12:00am
IMAX to open 160 cinemas with China's Wanda

IMAX to open 160 cinemas with China's Wanda

North American entertainment giant IMAX Corp. said Tuesday it plans to open 150 new cinemas in China after reaching agreement with Chinese conglomerate Wanda Group, in its largest ever new theatre deal. The agreement brings Wanda's commitment for IMAX cin
Published 03 Aug, 2016 12:00am
IMAX to open 160 cinemas with China's Wanda

IMAX to open 160 cinemas with China's Wanda

North American entertainment giant IMAX Corp. said Tuesday it plans to open 150 new cinemas in China after reaching agreement with Chinese conglomerate Wanda Group, in its largest ever new theatre deal. The agreement brings Wanda's commitment for IMAX cin
Published 03 Aug, 2016 12:00am
13 killed as Karachi-bound bus collides with truck at Jamshoro

13 killed as Karachi-bound bus collides with truck at Jamshoro

At least 13 people were killed in a collision between a speeding coach and a truck early on Tuesday near the Thermal Power Station in Jamshoro district. According to initial reports received from in charge Edhi Foundation Hyderabad, the ill-fated speedy c
Published 03 Aug, 2016 12:00am
13 killed as Karachi-bound bus collides with truck at Jamshoro

13 killed as Karachi-bound bus collides with truck at Jamshoro

At least 13 people were killed in a collision between a speeding coach and a truck early on Tuesday near the Thermal Power Station in Jamshoro district. According to initial reports received from in charge Edhi Foundation Hyderabad, the ill-fated speedy c
Published 03 Aug, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Aug, 2016 12:00am
Teva completes $40 billion purchase of Allergan generics arm

Teva completes $40 billion purchase of Allergan generics arm

Teva Pharmaceutical Tuesday completed its $40 billion acquisition of the generics arm of rival Allergan, a move the Israeli firm hailed as confirmation of its intention to become one of the world's largest drugmakers.
Published 03 Aug, 2016 12:00am
Iran president says US wasted nuclear deal opportunity

Iran president says US wasted nuclear deal opportunity

Iran's President Hassan Rouhani said Tuesday the United States had wasted the opportunity presented by the nuclear accord and prevented the two countries from working more closely on regional issues.
Published 03 Aug, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Aug, 2016 12:00am
Immovable properties in various cities: new valuations issued by FBR

Immovable properties in various cities: new valuations issued by FBR

The Federal Board of Revenue (FBR) has issued new valuations of residential and commercial properties in Karachi, Lahore, Islamabad Hyderabad, Sukkur, Rawalpindi, Peshawar, Quetta, Abbottabad, Gwadar, Mardan, Gujranwala, Sialkot, Faisalabad and Sargodha e
Published 03 Aug, 2016 12:00am
Immovable properties in various cities: new valuations issued by FBR

Immovable properties in various cities: new valuations issued by FBR

The Federal Board of Revenue (FBR) has issued new valuations of residential and commercial properties in Karachi, Lahore, Islamabad Hyderabad, Sukkur, Rawalpindi, Peshawar, Quetta, Abbottabad, Gwadar, Mardan, Gujranwala, Sialkot, Faisalabad and Sargodha e
Published 03 Aug, 2016 12:00am
Immovable properties in various cities: new valuations issued by FBR

Immovable properties in various cities: new valuations issued by FBR

The Federal Board of Revenue (FBR) has issued new valuations of residential and commercial properties in Karachi, Lahore, Islamabad Hyderabad, Sukkur, Rawalpindi, Peshawar, Quetta, Abbottabad, Gwadar, Mardan, Gujranwala, Sialkot, Faisalabad and Sargodha e
Published 03 Aug, 2016 12:00am
Immovable properties in various cities: new valuations issued by FBR

Immovable properties in various cities: new valuations issued by FBR

The Federal Board of Revenue (FBR) has issued new valuations of residential and commercial properties in Karachi, Lahore, Islamabad Hyderabad, Sukkur, Rawalpindi, Peshawar, Quetta, Abbottabad, Gwadar, Mardan, Gujranwala, Sialkot, Faisalabad and Sargodha e
Published 03 Aug, 2016 12:00am
BRIndex30 sheds 75.8 points

BRIndex30 sheds 75.8 points

On Tuesday, BRIndex30 opened at 23,232.67 points. It touched an intraday high of 23,234.62 points and an intraday low of 23,068.58 points and closed at 23,156.87 points which was -75.8 points or -0.33 percent lower than previous close. Total volume was 15
Published 03 Aug, 2016 12:00am
BRIndex30 sheds 75.8 points

BRIndex30 sheds 75.8 points

On Tuesday, BRIndex30 opened at 23,232.67 points. It touched an intraday high of 23,234.62 points and an intraday low of 23,068.58 points and closed at 23,156.87 points which was -75.8 points or -0.33 percent lower than previous close. Total volume was 15
Published 03 Aug, 2016 12:00am
Bears retake driving seat

Bears retake driving seat

Bears on Tuesday prevailed on Pakistan shares market where KSE-100 index decelerated by 14 points or 0.03 percent to close at 39,787 compared to the previous record close of 39,801. Trade at ready-counter was recorded higher at 226 million shares the valu
Published 03 Aug, 2016 12:00am
Bears retake driving seat

Bears retake driving seat

Bears on Tuesday prevailed on Pakistan shares market where KSE-100 index decelerated by 14 points or 0.03 percent to close at 39,787 compared to the previous record close of 39,801. Trade at ready-counter was recorded higher at 226 million shares the valu
Published 03 Aug, 2016 12:00am
Bears retake driving seat

Bears retake driving seat

Bears on Tuesday prevailed on Pakistan shares market where KSE-100 index decelerated by 14 points or 0.03 percent to close at 39,787 compared to the previous record close of 39,801. Trade at ready-counter was recorded higher at 226 million shares the valu
Published 03 Aug, 2016 12:00am
Talks with IMF: Dar expresses satisfaction on progress

Talks with IMF: Dar expresses satisfaction on progress

Federal Minister for Finance, Senator Mohammad Ishaq Dar Ishaq Dar has expressed satisfaction on the progress of the negotiations with the International Monetary Fund (IMF) relating to the 12th and last Review under the Fund program and remarked that he w
Published 03 Aug, 2016 12:00am
Talks with IMF: Dar expresses satisfaction on progress

Talks with IMF: Dar expresses satisfaction on progress

Federal Minister for Finance, Senator Mohammad Ishaq Dar Ishaq Dar has expressed satisfaction on the progress of the negotiations with the International Monetary Fund (IMF) relating to the 12th and last Review under the Fund program and remarked that he w
Published 03 Aug, 2016 12:00am
Talks with IMF: Dar expresses satisfaction on progress

Talks with IMF: Dar expresses satisfaction on progress

Federal Minister for Finance, Senator Mohammad Ishaq Dar Ishaq Dar has expressed satisfaction on the progress of the negotiations with the International Monetary Fund (IMF) relating to the 12th and last Review under the Fund program and remarked that he w
Published 03 Aug, 2016 12:00am
IMF will have no leverage in policy matters after last review

IMF will have no leverage in policy matters after last review

Any negative observations on the direction of the Pakistan economy made by the International Monetary Fund (IMF) after the last tranche under the $6.64 billion Extended Fund Facility (EFF) is released, scheduled for end September 2016, would negatively im
Published 03 Aug, 2016 12:00am
IMF will have no leverage in policy matters after last review

IMF will have no leverage in policy matters after last review

Any negative observations on the direction of the Pakistan economy made by the International Monetary Fund (IMF) after the last tranche under the $6.64 billion Extended Fund Facility (EFF) is released, scheduled for end September 2016, would negatively im
Published 03 Aug, 2016 12:00am
IMF will have no leverage in policy matters after last review

IMF will have no leverage in policy matters after last review

Any negative observations on the direction of the Pakistan economy made by the International Monetary Fund (IMF) after the last tranche under the $6.64 billion Extended Fund Facility (EFF) is released, scheduled for end September 2016, would negatively im
Published 03 Aug, 2016 12:00am